American Shared Hospital Services Provides Update on Form 10-K
April 01 2015 - 10:00AM
Business Wire
AMERICAN SHARED HOSPITAL SERVICES (NYSE MKT:AMS),
a leading provider of turnkey technology solutions for advanced
radiosurgical and radiation therapy services, today filed with the
United States Securities and Exchange Commission, Form 12b-25
Notification of Late Filing with regard to its Annual Report on
Form 10-K for the fiscal year ended December 31, 2014. As a result
of numerous discussions with its auditors, the Company determined
to make a number of non-material changes to footnotes to its
financial statements. These changes flowed through several
footnotes and required confirming checks and revisions to ensure
proper presentation. The Company has now completed its review of
the financial statements but was unable to complete the
edgarization and filing of the report prior to the deadline.
Although the filing of the Form 12b-25 provides the Company a 15
calendar day grace period to file its 2014 Form 10-K, the Company
believes that it will file its 2014 Form 10-K within the next 24
hours.
About AMS
American Shared Hospital Services provides turnkey technology
solutions for advanced radiosurgical and radiation therapy
services. AMS is the world leader in providing Gamma Knife
radiosurgery equipment, a non-invasive treatment for malignant and
benign brain tumors, vascular malformations and trigeminal
neuralgia (facial pain). The Company also offers the latest IGRT
and IMRT systems, as well as its proprietary Operating Room for the
21st CenturySM concept. AMS owns a common stock investment in
Mevion Medical Systems, Inc., developer of the compact MEVION S250
Proton Therapy System.
Safe Harbor Statement
This press release may be deemed to contain certain
forward-looking statements with respect to the financial condition,
results of operations and future plans of American Shared Hospital
Services, which involve risks and uncertainties including, but not
limited to, the risks of the Gamma Knife and radiation therapy
businesses, the risks of developing The Operating Room for the 21st
Century program, the risks of investing in a development-stage
company, Mevion Medical Systems, Inc., and the risks of the timing,
financing, and operations of the Company’s proton therapy business.
Further information on potential factors that could affect the
financial condition, results of operations and future plans of
American Shared Hospital Services is included in the filings of the
Company with the Securities and Exchange Commission, including the
Company's Annual Report on Form 10-K and Form 10-K/A for the year
ended December 31, 2013, the Quarterly Report on Form 10-Q for the
quarter ended March 31, 2014, the Form 10-Q and Form 10-Q/A for the
quarter ended June 30, 2014, the Form 10-Q for the quarter ended
September 30, 2014, and the definitive Proxy Statement for the
Annual Meeting of Shareholders held on June 10, 2014.
American Shared Hospital ServicesErnest A. Bates, M.D., (415)
788-5300Chairman and Chief Executive
Officereabates@ashs.comorBerkman AssociatesNeil Berkman, (310)
477-3118Presidentinfo@berkmanassociates.com
American Shared Hospital... (AMEX:AMS)
Historical Stock Chart
From Aug 2024 to Sep 2024
American Shared Hospital... (AMEX:AMS)
Historical Stock Chart
From Sep 2023 to Sep 2024